The proportion of people over 60 years old in the world is predicted to double from 12% in 2015 to 22% in 2050 the WHO that were made in 2018. Since aging is thought to be the biggest risk factor for the onset of conditions including neurological, urological, and cardiovascular disorders, an increase in the senior population is predicted to have a significant impact on rendering. In addition, the aging population in Asian nations with significant unexplored potential, such as China and Japan, is anticipated to propel market expansion throughout the projection period. World Bank estimates show that in 2017, almost 27.04% of Japan's population was 65 years of age or older, up from nearly 25% in 2015.
Chronic problems including obesity, cardiovascular disease, and metabolic disorders are more likely to develop as a result of unhealthy and evolving lifestyle choices like excessive alcohol and cigarette use, salt, sugar, and saturated fat consumption, lack of physical activity, and so on. The expanding occurrences of urological, neurological, and cardiovascular disorders are caused by the increasing prevalence of lifestyle practices such as the rising number of smokers, obesity, and dietary abnormalities. The demand for guidewires is anticipated to increase throughout the forecast period due to the expansion of these target diseases.
Catheters, stents, and other medical devices are implanted using guidewires. One factor that is anticipated to influence catheter use is the increasing incidence of catheter-associated infections that are contracted in hospitals. Bacterial biofilm formation can result in infections due to intravascular catheters and catheter-associated urinary tract infections (CAUTI), particularly when the catheter is in place. Reducing the use of catheters is anticipated to have an effect on the market expansion for guidewires as a result of growing patient knowledge of catheter-associated infections and their negative effects. However, it is anticipated that the market dynamics will shift in favour of the guidewires market with the introduction of technological improvements targeted at lowering catheter-associated infections and FDA publications aimed at raising awareness about appropriate catheter use.
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Market drivers and restraints
Key market opportunities prioritized
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance
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